From Morningstar: 2024-04-07 20:31:00

Boeing’s safety issues aren’t necessarily handing over market share to Airbus as expected. Airbus has gained a 20% share this year, but Boeing’s woes are already priced into expectations. The aviation supply chain dynamics also impact new Airbus buyers, forcing careful consideration of delivery times.

Global air traffic is rebounding, with expectations to return to 2019 levels by year-end. Airbus shares are more favorable for investors due to Boeing’s woes, with Airbus recording a net income of €3.8 billion and delivering 735 commercial aircraft in 2023 compared to Boeing’s 528 deliveries.

Airbus has performed better economically, showing resilience in the aerospace industry despite facing challenges. Morningstar metrics for Airbus include a Fair Value Estimate of €162, a Wide Moat Rating, and high uncertainty. On the other hand, Boeing reported a significant net loss of $2 billion in the 2023 fiscal year.

Market share movements are slower than anticipated, with Airbus and Boeing both facing challenges. While Airbus may gain more market share in the wide-body segment with the A350 freighter launch, shares may not evolve dramatically due to their strong positions in specific aircraft markets. The change in Boeing’s leadership in 2025 could influence market perceptions.



Read more at Morningstar: Will Airbus Shares Benefit From Boeing’s Woes?